Insurance News for Real People

Product research and online info, it's better right?

Product research and online info, it's better right?

I think the comments in Russell Hutchison's post linked here It's great information, but it isn't financial advice: need to be echoed far and wide, and I mean to everyone.

Research and research tools are a part of the advice piece clients need; at the same time, they are far from the single source of truth for making product decisions.

We use QPR and also Strategy Financial Services to give us a view on what the insurance product market looks like.

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Covid-19 it's here in New Zealand, what can you do about it?

Covid-19 it's here in New Zealand, what can you do about it?

We've been watching the development of Covid-19 since it first emerged out of Wuhan China, as have most people.

Given what we do and how involved in claims we are, we're getting lots of questions on what people can do.

So let's talk about what that might be and what it might look like. (First published 28 Feb 2020, last updated 24 March 2020)

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Income Protection and the threat that Australia represents here.

Income Protection and the threat that Australia represents here.

Those that know me and have read what I write know I get pretty hot under the collar about things that impact peoples outcomes. Australia is about to career down the path of something that is going to punt us back to the dark ages when it comes to looking after people.

Australian Prudential Regulation Authority (APRA) has decided that income protection is unsustainable, and it needs to be regulated to be more sustainable. Understand this is from a profitability and shareholder return perspective, not what is good for the consumer or the Australian public.

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Anti-Vax, or more correctly Pro-Plague

Anti-Vax, or more correctly Pro-Plague

2019 has been a tough year for the anti-vaxer, as their myopic view of the world has come home to roost. We have the most significant number of reported cases of measles worldwide since 2006.

The experience here in Auckland compounded by the tragedy that is rolling through Samoa should be evidence enough that vaccination programs are both safe and necessary.

Yet, we are still getting the keyboard warrior social trolls out en-masse defending their indefensible position. Frankly, they need to be driven back into their deep dark, cold, damp caves they came from and torched with napalm. Possibly while waving pitchforks and sharp objects on poles in their direction.

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Public vs Private health a real-world perspective

Public vs Private health a real-world perspective

Yes, you've heard it before, you should have medical insurance and income protection. Well here's a story of exactly why you need to consider insurance cover.

Your life may depend on it.

We have a client who has had ongoing issues with immunity for some time. They have the cover and have been able to access treatment in a reasonably timely way.

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Investigating the Research on Giving Melatonin for Stroke Recovery

Investigating the Research on Giving Melatonin for Stroke Recovery

Strokes, also known as cerebrovascular accidents, are one of the most sudden and unpredictable conditions we as humans can suffer from. Most of the time and with no warning, we can go from fully active and living life normally, to being bed-ridden and incontinent, or in some cases, dead.

Medical researchers and scientists have been working on identifying tools, techniques and medication which can reduce the effect strokes have on the human body. One of their findings is using the supplement melatonin. While relatively new, giving melatonin for stroke recovery is showing positive signs, and we’re going to look into these findings in depth today. We will also explain what a stroke is, plus treatment and rehabilitation too.

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Fuel prices, who's fleecing who?

Fuel prices, who's fleecing who?

It's all well and good to say we're being fleeced at the pumps. When the government is taking 97c of every $2.20 litre of fuel, you have to ask, who's fleecing who?

The fuel companies aren't wearing any of the taxes, and nor should they. However, when the raw cost is 84c, and the margin from the importer to the consumer is 34c, there's not a lot in it to run the distribution and delivery network for the fuel companies. Frankly, they do it on very high volumes and not margin. (as reported and not checked by the NZ Herald, not sure where the other 5c went?)

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Do You Really Need It?

Do You Really Need It?

Do you actually need travel insurance? Or is your free cover provided by your credit card enough? Surely if something went wrong, the local or NZ government would sort things out for you?

Travel insurance is one of those things some people see as an unnecessary evil when it comes to planning a holiday. We like to think of it as an essential part of any holiday package, just like your tickets, food or accommodation. Yes, it is an additional expense, and yes, you may not need it. But like all insurance policies, it’s there to give you peace of mind and help you financially if things hit the fan.

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Why Financial Advice is not 'Free'

Why Financial Advice is not 'Free'

One of the biggest misconceptions in the New Zealand financial services market is the perception that advice is free. It isn't. Someone somewhere pays for it.

We have seen the investment market move away from commission and high percentage-based fees on investment product to advice fees. Also, to a degree, the mortgage broking industry has where the provider doesn't pay them a commission.

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How to Perform a Personal Risk Management Assessment

How to Perform a Personal Risk Management Assessment

When you apply for insurance, we as your underwriter will perform a risk management assessment on you. This looks at three key factors: what your world and health look like, and the financial aspects that make up your picture. A risk management assessment is done to help us identify the most appropriate type of insurance cover for you.

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The flu and flu vaccines

The flu and flu vaccines

I think it's crucial that we better understand vaccines and especially the flu vaccine.

Myth number 1. The flu vaccine prevents you from getting the Flu.

No, it doesn't. It prevents you from developing a full-blown case of the Flu, and its complications. You may not realise you have had an infection at all because the immunity created by the vaccine has been effective in activating your immune system to deal with it.

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